Deposit with Interac at Online Casino

Interac is a versatile payment solution that millions of Canadians trust on a daily basis, be it sending money between friends and families or for gaming online

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Interac is one of those payment solutions that has been around for a while, having been founded in 1985. But, unlike most other payment methods, it’s purposely designed to assist Canadians who want to make transactions. And, after decades of operations, it’s now a prominent feature at online casinos that accept players from the country.

Residents of Canada have a fantastic opinion of Interac because it not only has a stellar reputation, but it’s versatile too. For example, if a person wants to complete a transaction with a friend or family member, they can do so free of charge, whereas there’d often be a fee applied with other services.

Interac’s reputation and versatility have led to significant economic growth being realised within Canada, with the service having over twenty-four million registered users. Using the year 2020 as an example, over 750 million transfers took place on the Interac platform, with over 5.5 billion in transactions happening.

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How To Deposit with Interac at Casino

If you’re a Canadian resident and you want to play casino games at a platform that welcomes people from the country, it’s highly likely that Interac is going to get the thumbs up.

Primarily if it’s a licensed gaming platform operating within the nation. However, if you do plan to use Interac, you will need to get an Interac account in place first, or you’ll be unable to make deposits using the service, so that must be the first step.

Once everything is set up on the Interac side of things, it’s as you will expect from here on in. You will have to find an online casino that first accepts the use of Interac for deposits and withdrawals and then go on to register.

When making a deposit with Interac, what will happen is you will fill out all the details, and then a secondary page will load to confirm the transaction. The same applies to withdrawals, too, with a secondary page acting as a prompt and as confirmation.

Security

There will be no concerns at any point about security with Interac, as the service makes use of both EMV Secure Chip Processing and SSL Encryption. The aim of both is to be programs in a position to guard against users of the service being troubled by unwarranted interactions at any point.

The Canadian Finance Association reports that Interac’s eCommerce Payments are currently the strongest in Canada, and SSL Encryptions play a key role in this. The level of encryption deployed means that it would likely take over a decade for cybercrooks to crack it.

What Interac also do is store and process data away from public internet networks. So, again, this boosts security tenfold, as it’s virtually impossible for cybercriminals to not only discover the location but to attack it. Interac security is metaphorically made of steel, providing users with peace of mind.

Pros

  • Interac is used within every Canadian financial institution.
  • Multiple layers of security are in place to keep people safe.
  • Users can track transactions from start to finish.
  • Online casinos welcome the use of Interac.
  • Interac is compatible with desktops, tablets and mobiles.

Cons

  • Customer support is on the slow side.
  • Interac is a service limited to Canada.
  • Account fees will apply via Canadian banking institutions.
  • If deposits aren’t accepted at casinos, transactions will expire after a month.
  • Email transfers can be a target for cybercriminals.

FAQ

Yes, there is 24/7 customer support available for Canadian residents. It will usually involve help over the telephone or via a live chat console.

Withdrawals, on average, take between 24 and 48 hours to get from A to B when Interac is involved.

At present, because Interac is only open to Canadian residents, it’s the Canadian dollar that gets the thumbs up exclusively.

Yes, if an online sportsbook is licensed in Canada, it’s likely that Interac can be used to make deposits and to receive withdrawals.

Deposits will take a maximum of 30 seconds to complete, as there are defence mechanisms in place to guard against fraud.

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Joanna M
Joanna M

Joanna MContent Creator

I am a content creator who is enthusiastic about the online world of gaming. I write about the most recent slots partnerships, news and games.